How It Works
Three simple steps to get accurate calculations
Enter Your Income
Input your freelance income, filing status, and state tax rate.
Add Deductions
Include business expenses and choose between standard or itemized deductions.
Plan Payments
Get your total tax liability and suggested quarterly payment amounts.
Tax Calculator Inputs
Enter your freelance income details to estimate your 2025 tax obligations.
Share Your Scenario
Copy link with your current inputs
Your total freelance income before expenses and taxes
Your tax filing status for 2025
Your state income tax rate (leave 0 if no state tax)
Business expenses you can deduct (equipment, software, etc.)
Choose between standard deduction or itemizing
Tax calculation
Your 2025 Tax Calculation
Complete breakdown of your estimated federal, state, and self-employment taxes.
Total Tax Owed (2025)
Effective rate: 2,395.9%
Quarterly Payment: $4,791.79
Effective Tax Rate
Tax Breakdown
2025 Quarterly Tax Schedule
Pay approximately $4,791.79 quarterly to avoid penalties. Use Form 1040-ES for estimated tax payments.
Tax Calculation Details
Typical Tax Burden
Quarterly Payment Required
Self-Employment Tax Impact
Tax Planning Strategies
- Track all business expenses throughout the year for maximum deductions
- Consider a SEP-IRA or Solo 401(k) to reduce taxable income
- Set aside 25-30% of each payment for taxes
- Keep detailed records of income and expenses
- Consider quarterly tax payments to avoid penalties
- Consult with a tax professional for complex situations
Frequently Asked Questions
How much should freelancers pay in taxes?
When are quarterly taxes due in 2025?
What expenses can freelancers deduct?
Do I need to pay quarterly taxes?
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